2,184 Shares in Caterpillar Inc. (NYSE:CAT) Bought by Tudor Financial Inc.

Tudor Financial Inc. bought a new position in shares of Caterpillar Inc. (NYSE:CAT - Free Report) in the third quarter, according to the company in its most recent filing with the SEC. The firm bought 2,184 shares of the industrial products company's stock, valued at approximately $854,000.

A number of other hedge funds have also made changes to their positions in CAT. Financial Connections Group Inc. bought a new stake in Caterpillar during the 2nd quarter worth about $28,000. Fairscale Capital LLC bought a new stake in Caterpillar during the 2nd quarter worth about $36,000. Capital Performance Advisors LLP bought a new stake in Caterpillar during the 3rd quarter worth about $36,000. POM Investment Strategies LLC grew its holdings in Caterpillar by 2,160.0% during the 2nd quarter. POM Investment Strategies LLC now owns 113 shares of the industrial products company's stock worth $38,000 after acquiring an additional 108 shares during the last quarter. Finally, Kimelman & Baird LLC grew its holdings in Caterpillar by 42.9% during the 3rd quarter. Kimelman & Baird LLC now owns 100 shares of the industrial products company's stock worth $39,000 after acquiring an additional 30 shares during the last quarter. Institutional investors and hedge funds own 70.98% of the company's stock.

Caterpillar Stock Down 2.1 %

CAT stock traded down $8.09 during mid-day trading on Thursday, hitting $380.78. 1,792,666 shares of the company were exchanged, compared to its average volume of 2,555,504. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.86 and a current ratio of 1.40. The firm has a market cap of $183.84 billion, a P/E ratio of 17.65, a P/E/G ratio of 1.97 and a beta of 1.10. The firm's 50 day simple moving average is $392.83 and its 200 day simple moving average is $360.00. Caterpillar Inc. has a 1-year low of $259.28 and a 1-year high of $418.50.

Caterpillar (NYSE:CAT - Get Free Report) last announced its earnings results on Wednesday, October 30th. The industrial products company reported $5.17 EPS for the quarter, missing the consensus estimate of $5.33 by ($0.16). The company had revenue of $16.11 billion for the quarter, compared to analyst estimates of $16.37 billion. Caterpillar had a return on equity of 59.09% and a net margin of 16.26%. The business's quarterly revenue was down 4.2% on a year-over-year basis. During the same quarter last year, the business posted $5.52 earnings per share. On average, sell-side analysts predict that Caterpillar Inc. will post 21.67 EPS for the current fiscal year.

Caterpillar Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Tuesday, January 21st will be issued a dividend of $1.41 per share. The ex-dividend date of this dividend is Tuesday, January 21st. This represents a $5.64 annualized dividend and a yield of 1.48%. Caterpillar's dividend payout ratio (DPR) is currently 26.15%.

Insiders Place Their Bets

In other news, insider Cheryl H. Johnson sold 2,664 shares of Caterpillar stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $378.84, for a total value of $1,009,229.76. Following the sale, the insider now directly owns 12,951 shares in the company, valued at $4,906,356.84. This trade represents a 17.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO William E. Schaupp sold 968 shares of Caterpillar stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $380.98, for a total transaction of $368,788.64. Following the completion of the sale, the chief accounting officer now owns 1,686 shares in the company, valued at $642,332.28. This trade represents a 36.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 23,868 shares of company stock worth $9,679,489. Company insiders own 0.29% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. UBS Group increased their price objective on shares of Caterpillar from $285.00 to $295.00 and gave the stock a "sell" rating in a report on Monday, November 4th. JPMorgan Chase & Co. raised their target price on shares of Caterpillar from $500.00 to $515.00 and gave the company an "overweight" rating in a research note on Monday. Citigroup raised their target price on shares of Caterpillar from $435.00 to $460.00 and gave the company a "buy" rating in a research note on Monday. Evercore ISI lowered shares of Caterpillar from an "in-line" rating to an "underperform" rating and raised their target price for the company from $321.00 to $365.00 in a research note on Wednesday, November 13th. Finally, Truist Financial raised their target price on shares of Caterpillar from $399.00 to $456.00 and gave the company a "buy" rating in a research note on Wednesday, October 9th. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $374.69.

Caterpillar Company Profile

Caterpillar Inc manufactures and sells construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives in worldwide. Its Construction Industries segment offers asphalt pavers, compactors, road reclaimers, forestry machines, cold planers, material handlers, track-type tractors, excavators, telehandlers, motor graders, and pipelayers; compact track, wheel, track-type, backhoe, and skid steer loaders; and related parts and tools.